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What happened to Wenhua Finance?
Wenhua Finance is the number one futures trading software in China, which almost monopolizes the whole futures industry with its professionalism and customer volume. But recently, it has had some problems. Maybe these things will lead it to bankruptcy or even litigation. So how is it recently? What happened to Wenhua Finance? Wenhua Finance has fallen into a business stagnation period due to the recent breakthrough supervision, but its next move is to let the futures companies in the whole industry resist and abandon it. At present, futures companies are mainly dissatisfied with Wenhua Finance in three points: First, they do not meet the regulatory requirements; Second, they maliciously charge; Third, it is difficult to tolerate their long-term starting price. Therefore, the industry status of Wenhua Finance has been threatened. 1 does not meet the regulatory requirements: the latest regulatory requirement is puncture supervision, so Wenhua Finance in the intermediate link must change its business model and further disclose data. This method is undoubtedly a problem for Wenhua Finance, and it must be reformed drastically. 2 Malicious charging: Starting from 20 18 10, the trading module of Wenhua Finance began to charge, in addition to charging the fee for ordering an APP and the fee for a simulated trial. These charging operations make many futures companies feel dissatisfied, so this is why there is such an industry boycott. 3 Long-term starting price: As Wenhua Finance occupies a monopoly position in the whole futures trading software, it is also going to charge millions of server fees to futures companies in this round of events, which makes many small and medium-sized futures companies unsustainable, thus causing the outbreak of this event. Therefore, after these contradictions intensified, a large number of futures companies announced that they would stop using Mandarin Finance. They are unwilling to pay more for the system upgrade of Wenhua Finance, and at the same time, they are unwilling to maintain the monopoly position of the industry, which leads to their increasing customer acquisition costs.